Portland real estate ME, Falmouth real estate and Gorham real estate, home listings and homes for sale in Maine - Demetria's Team, REALTORS® Demetria's Team REALTORS(r) for Portland, Falmouth and Gorham, Maine real estate - NUMBER1EXPERTS™ Demetria's Team NUMBER1EXPERTS(tm) for Portland, Falmouth and Gorham, Maine real estate
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Demetria's Team, REALTORŪ, real estate agents and broker for Portland, Falmouth and Gorham Maine home listings, property and land for sale - NUMBER1EXPERT(tm)
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Mortgage Prequalification: Portland, Falmouth and Gorham Maine home buying, real estate listings, and homes for sale in Cumberland County, ME
Welcome > For Buyers > Mortgage Prequalification ...



Don't Go Shopping for a New Home Before You Know Exactly How Much You Can Spend! 

You might have an idea of the loan payment and mortgage you can afford. But will the bank feel otherwise? It's always best to pre-qualify for a mortgage so you know exactly how much a financial institution would be willing to lend you. 

In the pre-qualification process, you will find out: 

- Exactly how much home or land you can afford. 

- How much cash you will need for the down payment. 

- The minimum down payment, and advantages of higher down payments. 

- What the bank feels you can afford for a monthly payment. 

We help buyers pre-qualify for mortgages every day. Simply fill out the form below to get started. 

Remember: we will respect your privacy! We know this is your personal information, and we will not distribute it to anyone, other than to our preferred mortgage broker. This service is also provided free of charge, without any obligation on your part. It is part of our job as top Portland, Falmouth and Gorham Realtors to offer services such as these.
 

We can help you pre-qualify for your mortgage. It's our job! This is free and without obligation... 

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Real Estate Tips
Financing Your Home >More On ARMs

Lenders are always looking for new ways to help buyers get into the home of their dreams. Today they frequently use adjustable rate mortgages (ARMs) to increase the buyer's options. The interest rate on an ARM changes periodically to reflect changes in the national market. Since the loan starts at a rate that is lower than the national average, lenders can reduce the borrower's qualifying criteria.

One way to distinguish between different ARMs is by the national index to which they are tied. Some ARMs are tied to a slow-moving index called the cost-of-funds index; these are usually the most desirable. ARMs that are tied to a more volatile index, such as Treasury Notes, can be adjusted upward at a quicker rate. Look at all the factors before choosing a loan. The faster index loan may start out with lower rates and lower monthly payments, but the slower index ARM may eliminate your concern about having to re-finance down the road.

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Real Estate Trivia
Q 
What five basic components of a "smart home" can be controlled by technology?

A 
Lighting and window treatments, security and access control, data communication, environmental/energy management, and audio/video entertainment can all be operated by a "smart home".
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Demetria's Team, REALTORŪ, real estate agents and broker for Portland, Falmouth and Gorham Maine home listings, property and land for sale - NUMBER1EXPERT(tm)

Demetria's Team
Demetria's Team--The Real Estate Group

347 Main Street
Gorham, Maine 04038
207-780-8800
800-864-5122
207-839-5122
Fax: 1 866 868-0188
Email: demetria@godemetria.com

Demetria Chadbourne is the Award-Winning Agent that can help you with all of your Real Estate Needs! After 13 years as the Top ERA Agent in the state of Maine she opened the doors of her own Real Estate firm in January 2003! (She was also in the Top 5 of ERA agents in the U.S!) Demetria has a Team of licensed real estate agents who will work to help you not only find the home that fits your needs and desires, but to provide you professional, honest, and ethical assistance.

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